Replacing the Federal Income Tax: Hearings Before the Committee on Ways and Means, House of Representatives, One Hundred Fourth Congress, First Session, Parte1U.S. Government Printing Office, 1996 - 1055 páginas |
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16th Amendment American amount Armey assets billion border adjustable border tax adjustments business tax capital gains Chairman ARCHER Committee companies complexity compliance costs CONGRESS THE LIBRARY consumers consumption tax current income tax current tax system deductions dollars earned economic growth effect eliminate exempt exports fair federal income tax federal tax FICA tax flat income tax flat tax Foundation Gibbons going important incentives income tax system increase individual issue labor national retail sales national sales tax payroll tax percent production progressive tax purchases rate tax reduce regressive replace retail sales tax revenue savings and investment savings rate sector small business spending tax base tax burden tax code tax credit tax law tax policy tax proposal tax rate tax reform tax returns taxable taxation taxpayers Thank trade underground economy United USA Tax value-added tax wages
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Página 932 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in...
Página 877 - In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution...
Página 509 - ... Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident, that it would be absurd to attempt to prove it. But in the mercantile system, the interest of the consumer is almost constantly sacrificed to that of the producer ; and it seems to consider production, and not consumption, as the ultimate end and object of all industry...
Página 940 - SBCA is a national nonprofit organization which represents the interests of privately-held and family-owned businesses on federal tax, health care and employee benefit matters. The SBCA, through its members, represents well over 20,000 enterprises in retail, manufacturing and service industries, which enterprises represent or sponsor over two hundred thousand qualified retirement and welfare plans, and employ over 1 ,500,000 employees.
Página 940 - A tax is hereby imposed on the transfer of the taxable estate of every decedent who is a citizen or resident of the United States.
Página 597 - STIMULUS TO GROWTH The flat tax at a low, uniform rate of 19 percent will improve the performance of the US economy. Improved incentives to work through increased take-home wages will stimulate work effort and raise total output. Rational investment incentives will raise the overall level of investment and channel it into the most productive areas. And sharply lower taxation of entrepreneurial effort will enhance this critical input to the economy.
Página 120 - They show a remarkable increase in the relative consumption of the elderly over four periods for which Consumer Expenditure Survey data are available. This increase is more pronounced if medical care is included in the measure of consumption, but the increase in the relative consumption of non medical goods and services is also striking.
Página 687 - Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security, or the rights of property, and have in general been as short in their lives as they have been violent in their deaths.
Página 580 - The apportionment of taxes on the various descriptions of property is an act which seems to require the most exact impartiality; yet there is, perhaps, no legislative act in which greater opportunity and temptation are given to a predominant party to trample on the rules of justice.
Página 126 - This age-wage profile is separate from the general level of wages, the time path of which is determined in solving the model. Fiscal policies affect households by altering their after-tax wages, their after-tax rates of return, and, in the case of consumption taxes, their after-tax prices of goods and services. The model is equipped to deal with income taxes, wage taxes, capital income taxes, and consumption taxes. It is also able to handle progressive as well as proportional tax rates. All agents...